In what was a strong year for the retailer’s pre-owned department, Sonic Automotive increased its used-vehicle retail sales by more than 6 percent for both full-year 2012 and the final quarter of the year. Specifically, Sonic moved 23,943 used retail units in the fourth quarter, compared to 22,520 in the final period of 2011. For […] [Read More]

For the third year in a row, the Luther Family of Dealerships is looking to feed a whopping 1 million people through its annual Drive to Serve event. The dealership group is teaming up with the Emergency Foodshelf Network and Stop Hunger Now to bring together 3,500 employees, customers, kids and families to package one […] [Read More]

In a piece of news from one of Canada’s largest dealer groups, AutoCanada Inc. revealed this week it has obtained approval from General Motors of Canada to purchase an 80-percent non-voting equity interest in Peter Baljet Chevrolet GMC Buick located in Duncan, British Columbia.  The company expects the closing date of the transaction to be […] [Read More]

Asbury Automotive Group announced on Tuesday its fourth quarter results from 2012, as well as full-year numbers. Used vehicles were ramping up the dealer group’s revenue as 2012 wrapped up, with used-vehicle retail revenue rising by 5 percent during the last quarter.  For Q4 2012, used-vehicle retail revenue came in at $269.3 million, up from […] [Read More]

Earl Hesterberg quickly defended Group 1’s used-vehicle division when an analyst wondered if the company’s new-to-used vehicle sales ratio started to show a negative trend. Hesterberg said Group 1 did a “pretty good job” of turning used vehicles during both the fourth quarter and all of 2012. Retail used sales rose 7.1 percent in the […] [Read More]

The National Highway Traffic Safety Administration said BMW North America is recalling more than a half-million vehicles in two separate campaigns. The vast majority — 504,545 vehicles to be exact — is associated with a recall stemming from the electric system. In this campaign, BMW is recalling: —2008-2012 1-Series coupes and convertibles manufactured December 2007 […] [Read More]

Asbury Automotive Group announced today its fourth quarter results from 2012, as well as full-year numbers. Used vehicles were ramping up the dealer group’s revenue as 2012 wrapped up, with used-vehicle retail revenue rising by 5 percent during the last quarter.  For Q4 2012, used-vehicle retail revenue came in at $269.3 million, up from $255.3 […] [Read More]

The used-car department played a critical role in Group 1’s full-year performance as officials said today that 2012 proved to be the year the company posted increases in all operating segments and new all-time records in total gross profit and revenue. Group 1 turned 21.1 percent more used models a year ago, retailing 85,366 units. […] [Read More]

Revealed late last week, NADA’s vice chairman for the new year has taken office. Taking the position for 2013 is Forrest McConnell, III, owner of McConnell Honda and Acura in Montgomery, Ala.. Commenting on his appointment, McConnell said, "I'm honored to lead a group of entrepreneurs that drive the American economy. It's a privilege to […] [Read More]

Toyota Motor North America announced last week that it has reached a settlement agreement with the attorneys general of 29 states and one U.S. territory to resolve issues related to recalls conducted by the company from 2005 to 2010. As part of this settlement, which Toyota’s board approved last December, the automaker will pay $29 […] [Read More]